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Nghi Son refinery plant (Source: VNA) Thanh Hoa (VNA) - The Nghi Son refinery plant in the Nghi Son Economic Zone of the central province of Thanh Hoa, is expected to contribute about 8 trillion VND (342.6 million USD) to the State budget in 2018. After six months of operation, the plant produced 12 types of products, meeting the technical standards for domestic consumption and export. The products of Nghi Son Refinery have been supplied to the market, including RON 92, RON 95, jet fuel, benzene, polypropylene, diesel, sulfur, and others. Earnings from the plant’s exports reached 204 million USD in the period. Nguyen Van Thi, head of the management board of Nghi Son Economic Zone and Thanh Hoa industrial parks, said the plant will be officially put into commercial operation with a designed capacity of 10 million tonnes of crude oil/year (or 200 barrels of crude oil/day) from November 15. The plant’s products are expected to meet 40 … [Read more...] about Nghi Son refinery to contribute over 342 million USD to State budget

The scene after the disaster (Source: Xinhua) Hanoi (VNA) - The United Nations on October 2 announced the allocation of 15 million USD to aid those affected by earthquakes and tsunami that recently struck Sulawesi island, Indonesia. The money from the Central Emergency Response Fund will support UN agencies already on the ground to respond to key priorities identified by the Indonesian government and assist tens of thousands of people in need. UN Under Secretary General for Humanitarian Affairs Mark Lowcock said the funds will allow UN agencies and humanitarian organisations to support the government-led response in logistics, safe water and sanitation, health care, camp coordination and management, and protection services. In a press briefing at the White House, US President Donald Trump extended his condolences to the Indonesian government and people over the damage caused by the disasters. He pledged to send a rapid response team to Indonesia for recovery efforts. … [Read more...] about UN allocates 15 million USD to Indonesia in wake of disasters

Illustrative image (Source: VNA) Thua Thien-Hue (VNA) – The People’s Committee of central Thua Thien-Hue province has decided to allocate over 35.8 billion VND (1.5 million USD) to assist local fishermen in offshore fishing. Accordingly, Phu Vang, Phu Loc districts, Hue city and Huong Tra township will receive 25.97 billion VND, 9.75 billion VND, 425 million VND, and 350 million VND, respectively, to encourage and support aquaculture and offshore fishing. This is the second time the province has disbursed to assist local fishermen in line with the Government’s Decree 67/2014/ND-CP on policies for fishery development (Decree 67). The provincial authorities have requested localities to manage and use the money for the right purposes and contents prescribed in the inter-ministerial Circular No. 16/2012/ TTLT-BNN-BQP-BTC dated on April 11, 2012 by the Ministries of Agriculture and Rural Development, Finance and National Defence. Previously, the province spent more … [Read more...] about Thua Thien-Hue spends 1.5 million USD to support fishermen

Agribank lends over 219 million USD to develop hi-tech agriculture. (Photo: VNA) Hanoi (VNA) – The Vietnam Bank for Agriculture and Rural Development (Agribank) has so far provided more than 5.1 trillion VND (219.3 million USD) in soft loans for hi-tech agricultural projects across Vietnam. The loans were taken out by nearly 3,100 borrowers, including 80 corporate customers who were lent over 4.43 trillion VND (190.5 million USD). After the Vietnam National Green Growth Strategy was formulated in 2012, Agribank has launched a credit package worth 50 trillion VND (2.15 billion USD), offering preferential interest rates, to develop clean agriculture, with priority given to hi-tech agricultural projects. The soft loans, with interest rates 0.5 – 1.5 percent lower than normal one, have been available since November, 2016 for enterprises, cooperatives, unions of cooperatives and farm owners that involve in large-scale supply chains of safe agricultural products. Many … [Read more...] about Agribank lends over 219 million USD to develop hi-tech agriculture

Vietnamese traders at a trade centre in Russia’s Kazan city may lose about 31 million rubles (about 0.5 million USD) to a recent blaze there, according to the Vietnamese Association in Kazan. Firefighters at the site ( Souce: Sputnik) The blaze in Port trade centre in Orenburg street of Kazan city happened on June 5, destroying three buildings and 2,000 kiosks with total affected areas hitting 2,800 square metres. It was distinguished after seven hours with efforts of over 300 people. No deaths were reported, but property loss was big. According to the association, more than a haft of 70 kiosks owned by 31 Vietnamese business households in the centre was completely destroyed, while the rest were seriously affected by trash and smoke that damaged all goods stored there. Doan Danh Lam, President of the association said that on June 6, the owner of the centre, Bulat Nagaev, pledged to restore the damaged buildings in two months, while arranging spaces for the affected … [Read more...] about Vietnamese traders lose 0.5 million USD to Russia trade centre blaze